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The new plant will be climate-neutral and build only electric cars, underpinning the company’s ambition to become fully electric by 2030 and climate-neutral by 2040, and to continue expanding its global production capacity to match its growth ambitions. Volvo Cars has an ambition to move towards annual sales of 1.2
Magna is expanding its ADAS and electrification footprint with the opening of a new plant in Kechnec, Slovakia. The brownfield facility will support two European automakers and new global entrant. —Sharath Reddy, Senior Vice President of Magna Electronics.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. More than 300 global companies are participating. Hyundai Motor and Kia, along with Hyundai Mobis Co.,
At IAA Mobility 2021 (7-12 September 2021), Hyundai Mobis, the global N° 7 automotive supplier, will unveil the M.Vision X , an AI-included concept car for full autonomous driving, in a European premiere. Hyundai Mobis unveiled the M.Vision X during an event earlier his year at its R&D heDquarters in Korea.
r (Hungary); Bratislava (Slovakia); Changchun (China); Aurangabad (India); Martorell (Spain); and Jakarta (Indonesia). Starting in mid-2016, the plant will produce the successor generation of the successful Audi Q5 SUV. Audi’s current production sites include the German sites in Ingolstadt and Neckarsulm; Brussels (Belgium); Gy?r
Infineon, a global market leader in power semiconductors, is leading the €55-million (US$75.7-million) The Project eRamp is co-funded by grants from ENIAC Joint Undertaking and from Austria, Germany, the Netherlands, Romania, Slovakia und the UK. Twenty-six research partners from six countries are participating. million) project.
(ZSE), the largest distributor and supplier of electricity in Slovakia, on a smart energy “feasibility” study that will help prepare the capital city Bratislava for electric vehicles (EVs). IBM Slovakia is teaming with ZSE to provide insights into various implementation scenarios and infrastructure options for charging. —ZSE.
The Concept EV9 hints at Kia’s next model in the dedicated BEV line-up based on the Electric Global Modular Platform (E-GMP) architecture, following in the footsteps of the Kia EV6 ( earlier post ). A key element to this plan is the use of green steel, as the steel industry has traditionally been one of the biggest global carbon emitters.
Kia’s smallest, cheapest EV has been previewed by the Kia Concept EV2 at the 2025 Kia EV Day ahead of the production small SUV’s global debut next year. Buzz READ MORE: Tesla Model 3 rival unveiled! ” 2025 Kia EV2 Concept interior.
Hyundai Motor Group’s supplier, Hyundai Mobis , is investing around $256 million (350 billion won) in building new plants in Slovakia for EV parts. To support its expansion in the world’s second-largest EV market, Hyundai Mobis announced it’s building a new EV parts plant in Slovakia. FTC: We use income earning auto affiliate links.
Russia ranks fourth on the global list of wheat exporters. The Czech Republic, Hungary, Poland, Romania and Slovakia were hit by floods in the spring. Russia has already issued a ban on exports of wheat, corn, barley, rye and flour from 15 August through to the end of the year due to the wildfires that have devastated the country.
—Felipe Munoz, JATO’s global analyst. Globally, Europe was the world’s third-largest car market behind China and the US. Throughout 2018 we continued to see the effects of the diesel crisis, as announcements of policy changes by governments led to confusion and panic among consumers.
million, which the company says was due to “lower global volumes and higher discounts.” During the second quarter, Polestar announced plans to launch its EVs in seven new markets in 2025 , including Brazil, the Czech Republic, France, Hungary, Poland, Slovakia, and Thailand.
READ MORE: All-new electric Kia PV5 is a gamechanger in the world of vans with its advanced tech and interchangeable rear body That’s because it’s only going to be built in Europe in land-locked Slovakia and that creates shipping logistical and cost issues. 2024 Kia EV5. 2024 Kia Concept EV3.
Kia Motors’ upgraded 2018 Kia Sportage ( earlier post ), the brand’s global best-selling vehicle, offers a 2.0-liter The 48V diesel mild-hybrid unit is the first to be launched as part of Kia’s global powertrain electrification strategy. For other global markets, the 2.0-liter For selected global markets, the 2.0-liter
Our business model is robust, even as we remain vigilant for new challenges in an unpredictable global market. The Octavia, with global sales of 191,900 units, an increase of 36% YoY. The post Skoda’s global sales rise 18.5% It is followed by the Kamiq (116,500 units) and the Kodiaq SUVs.
InoBat, based in Slovakia, is known for its research, development, and production of batteries for electric vehicles. The company specializes in creating custom-designed batteries tailored to meet the specific requirements of global mainstream and specialist original equipment manufacturers (OEMs).
Amara Raja Energy & Mobility Ltd (ARE&M), a prominent battery manufacturer in India, has inked a technical licensing agreement with GIB EnergyX Slovakia s.r.o., Gotion High-tech, a global leader in battery technology, operates 8 R&D centers worldwide, boasts 8,000 patented technologies, and 20 manufacturing locations.
Natural gas first came through the Ukraine Transit pipeline (with branches to Poland, Slovakia, Hungary, and Romania) lines, then through the Yamal line (via Poland) and later also via Nord Stream 1 (under the Baltic Sea to Germany) and the Turkstream pipeline, under the Black Sea.
Kia will introduce the EV4 globally this year, or what it calls an entirely new type of sedan. The EV2 will be built at its Zilina, Slovakia plant, Kias first manufacturing facility in Europe. Kia launched the EV5 in China, starting at around $20,000 (149,800 yuan) in November 2023.
Kia EV3 interior (Source: Kia) Kia will build EV2 models in Slovakia, the heart of Europe, where the company aims to rapidly increase market share. Ahead of its debut, Kia’s lower-priced electric models are already rolling out in global markets. The system features dual 12.3″ million) $29,200 (KRW 39.95
As part of its new strategy, the company has also announced several personnel shakeups, including the appointment of Anders Gustafsson as the new head of Polestar North America, succeeding Gregor Hembrough, who is transitioning to the head of global sales operations. FTC: We use income earning auto affiliate links.
Aston Martin has also said it will cut around 5% of its global staff, as reported by Reuters. The hatchback is primarily aimed at the European market, meaning it will only be produced in Slovakia. In the UK, Nissan has cancelled night shifts on one production line at its Sunderland plant, according to the BBC.
18 September 2024 Read next Tesla and BYD do battle in July’s global EV market 17 September 2024 EU new-car registrations declined sharply in August, marking their biggest drop since April 2022. 20 September 2024 Read next The Kia Picanto takes the 2024 Wertmeister title 19 September 2024 Read next Which car brands sold the most EVs in July?
billion passengers are expected to fly globally in 2024, up from the previous record of 4.5 Analysts at American Express Global Business Travel say that average ticket prices across all regions are not expected to change significantly. Jump to: Credit… Chanelle Nibbelink A record 4.7 It was acquired by Accor Hotels in 2016.
14 April 2025 Read next Used LCV market buoyant as new van sales struggle 14 April 2025 Read next The Automotive Update: UK government steps up support of EV industry 11 April 2025 Global deliveries of battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) continued to grow in February. year on year. PHEV deliveries surged by 40.3%
The decision sent shockwaves through the global auto industry, with Tesla CEO Elon Musk noting on X that the impact on the EV giant is “significant.” Reuters reported that Tata Motors-owned Jaguar Land Rover (JLR), which exports luxury vehicles from the UK and Slovakia, relies heavily on the U.S. as a key market.
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